Observed Signal · Jul 7, 2026 · Market Commentary · Source: CNBC Technology · Impact: 2/5 · Sentiment: Neutral
Cramer: Nvidia Still Central to AI Despite Stock Weakness
CNBC’s Jim Cramer said on Squawk on the Street that Nvidia remains central to the artificial intelligence boom despite recent stock weakness and growing bearishness among investors. Shares fell about 2% on Tuesday and the stock is trading near its lowest forward-earnings multiple of the year (~19x). Cramer argued selling is overdone and that customers complaining about Nvidia chip costs continue to rely on its technology even as some firms develop their own AI processors. Reuters reported China’s DeepSeek is developing an AI chip, and a SemiAnalysis report flagged possible delays to Nvidia’s next-generation Kyber rack-scale server system; Nvidia disputed that report, saying its roadmap remains intact. Cramer also noted Nvidia shares have been sold to fund other trades, including purchases of newly public SpaceX ahead of its Nasdaq 100 addition.
Company-level market commentary about Nvidia and its role in AI is relevant to broader technology and infrastructure trends, but this article is primarily investment opinion and has limited direct impact on the AdTech/MarTech industry.
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Key Takeaways & Evidence Grounding
- Jim Cramer said Nvidia remains at the center of the artificial intelligence boom despite investor bearishness.
- Nvidia shares fell about 2% on Tuesday and were trading around 19 times forward earnings, a low for the year.
- Reuters reported that China’s DeepSeek is developing its own AI chip.
- A SemiAnalysis report raised concerns about delays to Nvidia’s next-generation Kyber rack-scale server system; Nvidia disputed the report saying its roadmap remains intact.
- Cramer said some investors are selling Nvidia to free up capital for other technology trades, including buying newly public SpaceX ahead of its addition to the Nasdaq 100.
Connected Companies & Entities
9 Entities mapped“CNBC’s Jim Cramer said Tuesday that while investors have grown increasingly bearish on Nvidia, the chipmaker remains at the center of the ar...”
“The latest company said to be developing its own AI chip is China’s DeepSeek, Reuters reported Tuesday morning....”
“Skepticism has also been fueled by a recent SemiAnalysis report that raised concerns about delays involving Nvidia’s next-generation Kyber r...”
““Everything still revolves around Nvidia,” Cramer said on CNBC’s “Squawk on the Street.”...”
“The latest company said to be developing its own AI chip is China’s DeepSeek, Reuters reported Tuesday morning....”
“Cramer also suggested Nvidia has become “a source of funds” as investors sell shares of the chipmaker to free up capital for other technolog...”
“Photo credit in the article: Dhiraj Singh | Bloomberg | Getty Images....”
“Photo credit in the article: Dhiraj Singh | Bloomberg | Getty Images....”
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Cramer: Nvidia 'All-Important' to the AI Trade
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